Florida Foreclosure Rescue Fraud Prevention Act
New law provides important safeguards to help protect homeowners facing foreclosure. The legislation will ensure that homeowners are properly informed about their rights before signing a contract with a foreclosure rescue entity in addition to other foreclosure protections.
The Foreclosure Rescue Fraud Prevention Act requires that a foreclosure rescue consultant provide a written agreement to the consumer and obtain the consumer’s signature before beginning any services. The legislation further requires the rescue consultant to include in the written agreement a specific notice of the homeowners’ right to cancel. Other mandatory disclosure is that the consumer should contact lender first before signing, since the lender may be willing to negotiate a payment plan free of charge. For more information about Florida Foreclosure Rescue Fraud Prevention Act call 1-800-HELP-FLA. Read more…
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